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Colombia Gummy Supplement Market Size, Share, Growth, Report: By Product Type: Single-vitamin, Multivitamin, Probiotic, Omega-3, Others; By End Use: Kids, Adults; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online, Others; Competitive Landscape; 2024-2032
Colombia Gummy Supplement Market Outlook
The Colombia gummy supplement market size is estimated to expand at a CAGR of 10.20% between 2024 and 2032.
Key Takeaways
- The majority of Colombia's vitamin gummy is sourced from the United States.
- Latin American pharmaceutical and dietary supplement manufacturers are focusing on expanding their production capacity and utilising improved machinery to enhance their output, like Procaps Group’s advanced gummy manufacturing facility in Bogota, Colombia.
- Manufacturers are broadening their product range by introducing a wide array of flavours and types. This encompasses organic and vegan gummies that are devoid of artificial additives, targeting health-conscious individuals seeking delicious and convenient nutritional choices.
The Colombia gummy supplement market growth is driven by the growing demand for convenient and flavourful nutraceutical supplements. Colombians are becoming more conscious of the significance of consuming sufficient vitamins and nutrients, hence opting for gummy supplements as a convenient and delicious option. Moreover, effective marketing campaigns highlighting the health advantages of gummy supplements are playing a significant role in boosting the market in Colombia.
The increasing popularity of gummy supplements for children is a notable trend in the market. Parents are choosing gummies as a way to ensure that their children receive the necessary vitamins and nutrients on a daily basis. Additionally, children are favouring gummies over traditional health supplements due to the assortment of fruity flavours and playful shapes, making them a more appealing option for health and nutrition. Moreover, adults are increasingly choosing gummy supplements over traditional pills for maintaining healthy hair, skin, and nails, due to their convenience and ease of consumption.
The key companies in the market are integrating innovative technologies into their production methods to enhance their competitive advantage. For example, Funtrition®, a prominent producer of gummy supplements with operations in Colombia and the United States, has tackled the issue of temperature sensitivity in gummies by introducing cutting-edge, temperature-resistant technology. Such developments and improvements in production methods are expected to boost the Colombia gummy supplement market share.
Market Segmentation
Colombia Gummy Supplement Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Single-vitamin
- Multivitamin
- Probiotic
- Omega-3
- Others
Market Breakup by End Use
- Kids
- Adults
Market Breakup by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Pharmacies/Drug Stores
- Online
- Others
Competitive Landscape
The market participants are increasingly focusing on the production of naturally derived and organic gummy supplements due to the growing trend of veganism and vegetarianism.
- Church & Dwight Co., Inc.
- Nestle SA
- The Gummy Box SAS
- Haleon Plc
- OLLY Public Benefit Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by End Use |
|
| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Gummy Supplement Market Overview
8.1 Key Industry Highlights
8.2 Latin America Gummy Supplement Historical Market (2018-2023)
8.3 Latin America Gummy Supplement Market Forecast (2024-2032)
8.4 Latin America Gummy Supplement Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Gummy Supplement Market Overview
9.1 Key Industry Highlights
9.2 Colombia Gummy Supplement Historical Market (2018-2023)
9.3 Colombia Gummy Supplement Market Forecast (2024-2032)
10 Colombia Gummy Supplement Market by Product Type
10.1 Single-vitamin
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Multivitamin
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Probiotic
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Omega-3
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Colombia Gummy Supplement Market by End Use
11.1 Kids
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Adults
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Colombia Gummy Supplement Market by Distribution Channel
12.1 Supermarkets/Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Pharmacies/Drug Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Church & Dwight Co., Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nestle SA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 The Gummy Box SAS
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Haleon Plc
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 OLLY Public Benefit Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Gummy Supplement Market: Key Industry Highlights, 2018 and 2032
2. Colombia Gummy Supplement Market: Key Industry Highlights, 2018 and 2032
3. Colombia Gummy Supplement Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Gummy Supplement Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Gummy Supplement Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Colombia Gummy Supplement Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Colombia Gummy Supplement Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Gummy Supplement Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Colombia Gummy Supplement Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 10.20% between 2024 and 2032.
The growth of the gummy supplements market in Colombia is due to the increased demand for flavoured, animal and plant-based nutraceutical supplements and a growing number of adult population consuming these products.
The key trends aiding the market expansion include the rise in popularity of gummy supplements especially formulated for children, and the increasing focus on preventive healthcare.
The major product types in the market are single-vitamin, multivitamin, probiotic, and omega-3, among others.
The major end users in the market are kids and adults.
The major players in the market are Church & Dwight Co., Inc., Nestle SA, The Gummy Box SAS, Haleon Plc, and OLLY Public Benefit Corporation, among others.
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